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use the following data to answer the questions below. Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show
use the following data to answer the questions below.
Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show the Company's consolidated financial statement details as of September 28, 2019 and September 29, 2018 (in millions): Apple Inc. | 2019 Form 10-K | 43 Other Income/(Expense), Net The following table shows the detail of OI\&E for 2019, 2018 and 2017 (in millions): 2. Calculate Apple's debt to equity, long-term debt to equity, and times interest earned (accrual basis) for 2018 and 2019 . The industry averages for these ratios for 2019 were 52.42%,36.41%, and 13.83 , respectively. You will need to read Note 4 to find the amount of interest expense. Round your answers to two decimal places. Comment on Apple's mix of debt and equity and long-term solvency. While Apple is the industry averages for all three ratios, long-term solvency is of a concern for Apple at this point in time. Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show the Company's consolidated financial statement details as of September 28, 2019 and September 29, 2018 (in millions): Apple Inc. | 2019 Form 10-K | 43 Other Income/(Expense), Net The following table shows the detail of OI\&E for 2019, 2018 and 2017 (in millions): 2. Calculate Apple's debt to equity, long-term debt to equity, and times interest earned (accrual basis) for 2018 and 2019 . The industry averages for these ratios for 2019 were 52.42%,36.41%, and 13.83 , respectively. You will need to read Note 4 to find the amount of interest expense. Round your answers to two decimal places. Comment on Apple's mix of debt and equity and long-term solvency. While Apple is the industry averages for all three ratios, long-term solvency is of a concern for Apple at this point in timeStep by Step Solution
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